As revealed by Football Insider on Tuesday, Arsenal are willing to pay £34million for Xhaka as well as hand him a five-year, £120,000-a-week contract.

A Gunners recruitment source has saidthat the Gunners are in talks with Mochengladbach officials over a summer deal.

Ahead of the German club’s clash at Darmstadt 98 on Saturday, Xhaka suggested he is preparing to leave the club where he has spent the last four years.

“It may be that it is my last game,” said Xhaka, as quoted by the Evening Standard. “But while I’m here, I will concentrate on Borussia.”

The Switzerland international was even more explicit after the match as he revealed talks about his future will take place with Mochengladbach.

“The season’s over now and there might be discussions tomorrow regarding the matter, we will make it together,” Xhaka said. “The decision will definitely be before the Euros.

“I’m the wrong person to be asked [about a possible move], you might need to check that with [sporting director] Max Eberl.

“[If I left the club], I’ll return to Borussia-Park [one day], but as I said, nothing is clear yet.”

Xhaka, 23, is on the target list of some of Europe’s biggest clubs this summer, with Liverpool and Bayern Munich also among his admirers.

But Arsenal are in pole position to land the central midfielder as they target a proven player who can dominate in the middle of the park.

The Gunners signed Mohamed Elneny from Basel in January and are now keen on another former player of the Swiss club.

Basel academy graduate Xhaka moved to Borussia Mochengladbach in 2012 for £6.75million and has developed into one of the Bundesliga’s outstanding midfielders.

He is a mainstay of the Mochengladbach side, making 35 appearances for the team this season.

Arsenal, who will wave goodbye to veteran trio Mathieu Flamini, Mikel Arteta and Tomas Rosicky when their contracts expire at the end of the season, are prepared to spend big money to clinch a deal for Xhaka.

The Londoners are ready to make the Switzerland international one of their best-paid players and, including transfer fee and wages, the deal could be worth an eye-watering £65million.